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Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023:


(In thousands)	Level I		Level II		Level III		Total
At March 31, 2024:
Assets
Cash equivalents	$	61,894	$	—	$	—	$	61,894



Foreign currency derivatives	—		4,198		—		4,198

Liabilities

Foreign currency derivatives	—		3,221		—		3,221


At December 31, 2023:
Assets




Foreign currency derivatives	$	—	$	8,277	$	—	$	8,277

Liabilities

Foreign currency derivatives	—		2,295		—		2,295

Schedule of Carrying Values and Fair Values of the Company's Financial Instruments

The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:


(In thousands)	March 31, 2024
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	586,259	$	574,383

4.75% Notes due August 2025	771,617		770,855
4.25% Notes due February 2029	988,710		707,500

	$	2,346,586	$	2,052,738


(In thousands)	December 31, 2023
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	602,551	$	577,884

4.75% Notes due August 2025	771,013		745,677
4.25% Notes due February 2029	988,185		780,670

	$	2,361,749	$	2,104,231